Graduate Hotels Launches a Short-Term Rental Brand
- The vast majority of lodging company earnings, both REIT and C-Corp, have been very positive, with the REITs being the biggest surprise.
- Crescent Hotels & Resorts has added The Viv, Anaheim, a Tribute Portfolio Hotel, to its Latitudes: Lifestyle by Crescent collection.
- Black Creek Mexico announced that Grupo Alojica completed the Westin Resort & Spa acquisition, in Puerto Vallarta, from affiliates of Marriott Vacations Worldwide.
The DJIA ended Friday with a gain of 77 points, while Nasdaq was down 63, the S&P 500 fell 7 points, and the 10-year treasury yield was up .16 at 2.84% on the strong jobs report. Lodging stocks were modestly lower, although the two big gainers were to the upside. SVC surged 10% on their earnings report. The vast majority of lodging company […]